Careful Preparation Of Your Prenuptial Agreement
There are many reasons why you may want to have a prenuptial agreement. If you have significant assets such as a family business or vacation home, you may want to protect those assets in the event of divorce. If you are entering into a second marriage, you may want to protect the property rights of children from your first marriage. Whatever your reason, prenuptial agreements are respected by Texas courts if they are properly drafted.
I’m Gregory Hitt, a family law attorney in Austin, Texas. I draft prenuptial and postnuptial agreements (also known as premarital agreements, marital property agreements, and partition and exchange agreements) for clients in Travis, Williamson, and Hays counties.
The Purpose Of Having A Prenup In Place
Prenuptial or premarital agreements are legal mechanisms for identifying separate property to preserve its separate character and prevent a reimbursement claim from attaching to the separate property during marriage. These agreements can also stipulate that assets or earnings accumulated after marriage are separate property rather than community property. While premarital agreements are used most often in second marriages, anyone who has significant assets should consider a prenuptial agreement.
It’s important that your lawyer draft the prenuptial or postnuptial agreement properly. Although marital property agreements are favored by the law, they can be avoided if they are not voluntary, or (in some cases) if they are unconscionable.
Postnuptial agreements are often used after marriage to ratify a prenuptial agreement. A postnuptial agreement can also be used to insulate a spouse from debts incurred by the other party.
Contact Attorney Gregory Hitt Today
Contact lawyer Gregory Hitt for a personal consultation about your prenuptial or postnuptial agreement. My office is located at S. Capital of Texas Highway (South Loop 360) just north of Westbank Dr. in the Westlake area . Call 512-774-6696 to set up an initial consultation.